An everyday American Man.

Texas Drowning In School Bond Debt, $75B Before Interest

Texas law makers often deserve our criticism, but we have only ourselves to blame for the enormous school bond debt we continue to heap upon ourselves. How far into the future must we look to see relief this unconscionable trend that has become even worse since the printing of this article?

Supporters of this outrage will tell you, “It’s for the kids”. What is actually “for the kids” – is a brutal slave master called debt!

Already on the hook for $65 billion in outstanding school bond debt approved and issued between 2007-2013, Texans voted in more mega-school bond debt statewide in 2014 that will pile nearly $10 billion more onto the statewide property tax payer tab. For public school debt alone, Texans will owe almost $75 billion — before interest.